Top 10 News Items 11/02-11/06: Unemployment Rate Now Over 10%, F...

Courtesy StreetInsider.com News Articles  Fri, 11/06/2009 - 15:35

Here is a list of the top news items from this week on Wall Street: 1. The unemployment rate rose over 10% this week, marking the first time since 1983.

Data from the labor department showed that employers cut another 190,000 jobs last month, pushing the rate of unemployment up from Septembers 9.8%.

Although economists had been expecting the unemployment rate to drop to just 9.9%, shares rose sharply on Thursday, closing above the heavily-watched 10,000 level. 2.

The Fed...

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